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  • REIV Hypocrisy - Cut Stamp Duty While Commissions Increase

    OPINIONby Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd   The hypocrisy is astounding. Enzo Raimondo told the Herald Sun newspaper ''If stamp duty rates are not reduced then anyone buying an average home will pay, as a percentage of the purchase price, a higher ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on April 12, 2010
  • Estate Agents - Commission Mentality Explained

    OPINIONby Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd    It would seem that real estate agents are the same, all around the world. The following anecdote appears on a real estate industry blog in the United States. What makes this anecdote particularly ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on August 26, 2009
  • How To Pay Two Commissions In One Sale

    OPINIONby Tim O'Dwyer M.A., LL.BSolicitorConsumer Advocate watchdog@argonautlegal.com.au There is an old joke about Lady Cul de Sac.  She did not want the title, but there was no way out. Julie James (not her real name) did not want to complete the contract she signed to sell her investment property after she received a significantly ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on September 16, 2008
  • One Sale - Two Commissions

    by Tim O'Dwyer M.A., LL.BSolicitorConsumer Advocate watchdog@argonautlegal.com.au   Carly Gillard was staggered, after settling the sale of her Northern New South Wales property, to find herself facing commission claims from two real estate agencies.  Her property had been listed with both agencies, but only one secured the ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on June 27, 2008
  • Re: Misguided loyalty

    Gary, if this is how he treats his loyal staff I can only guess at how he would treat his clients!
    Posted to This is what happened to me... (Forum) by Peter Mericka on June 26, 2008
  • How I Became An Estate Agent's Hero

    by Tim O'Dwyer M.A., LL.BSolicitorConsumer Advocate watchdog@argonautlegal.com.au   Brisbane conveyancing solicitor Chris Bridge became concerned when he noticed that his buyer client’s contract included a special condition authorising the pre-settlement release of the selling agent’s commission.  Such a “pre-draw” practice may be ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on April 23, 2008
  • Another Nail in the Auction Coffin

    by Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd   The Real Estate Institute of Victoria (REIV) has been forced to come clean, and to admit to consumers that ''...no binding contract exists until the successful bidder and the vendor have signed a contract.'' A ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on February 14, 2008
  • What If The Estate Agent Has Already Spent The Commission?

    by Peter Mericka B.A., LL.BReal Estate Lawyer Qualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd   As any lawyer or conveyancer will confirm, a contract may have to be cancelled for a variety of reasons, even after it has become unconditional.  But what if the estate agent has already spent the ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on January 31, 2008
  • Who Will Pay The (Legal) Ferrymen?

     by Tim O'Dwyer M.A., LL.BSolicitorConsumer Advocate watchdog@argonautlegal.com.au   Below are comments I have received independently from a couple of legal colleagues. They are clearly quite concerned about the ‘costs consequences’ of conveyancing solicitors’, rather than real estate agents’, preparing sales contracts. The first ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on November 29, 2007
  • Pricing Propaganda From REIV

    by Peter Mericka B.A., LL.BReal Estate Lawyer Qualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd   In his weekly propaganda piece in The Age newspaper (The Age ''Domain'' 29 September, 2007 p.3) CEO of the Real Estate Institute of Victoria, Enzo Raimondo makes something of a Freudian slip when he says, ''Agents ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on September 29, 2007
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